What principle explains why tech companies are leaving California for Texas but movie studios are not? Group of answer choices perfect competition elastic demand mean reversion of profitability indifference principle

What principle explains why tech companies are leaving California for Texas but movie studios are not? Group of answer choices perfect competition elastic demand mean reversion of profitability indifference principle

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter10: Price-searcher Markets With Low Entry Barriers

Section: Chapter Questions

Problem 15CQ

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Question

What principle explains why tech
companies are leaving California for
Texas but movie studios are not? Group
of answer choices
perfect competition
elastic demand
mean reversion of profitability
indifference principle

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